Microsoft via Phil Spencer announced today on Xbox Wire that they will no longer produce the Xbox 360. The console has been in production for a little over 10 years. Phil commented on the milestones the console helped Microsoft achieved and where it took console gaming to now.

Some good news is that Microsoft did not announce an end of life for the services that help support XBox Live on the 360. From Xbox Wire:

• Xbox 360 owners will continue to receive Xbox Live services for their console, such as online multiplayer gaming and parties, access to the apps they use today, and Games with Gold and Deals with Gold.

• Xbox Live servers that support Xbox 360 services will also remain online and active. Our Xbox 360 fans can continue to play their favorite games with the full support of Xbox Live.

• Gamers will also be able to continue to buy over 4,000 Xbox 360 games or Xbox 360 accessories at retail and through our Xbox 360 store online, while supplies last.

• Any Xbox 360 hardware will still be supported at xbox.com/support.

• And Xbox One owners will be able to continue to enjoy available Xbox 360 games through Xbox One Backward Compatibility – at no additional cost.

So make sure to not trash your old Xbox 360 games since they will still be supported going forward.